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Jan 15, 2013
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translation, the debt ceiling deal didn't do enough about the debt itself. so keep this in mind when you hear it said,be with great certainty it's the republicans trying to force spending cuts over endangering the nation credit rating. as will rogers quoted once, "it isn'tbe what we don't know that gives us trouble. it's what we know that ain't so." bret? >> bret: the president has effectively turned the messaging around. by saying it's about paying the bills that congress has already passed. the laws that it's already passed. republicans are saying it's about borrowing authority. essentially running up the country's credit card. >> exactly. what the republicans are saying is look, we maxed out the credit card. it's time before we extend any new credit or allow any new credit to do something aboutbe the spending that got us here. that would seem on the surface to be a reasonable argument. but so far, the republicans have not been able to win it. and what tends to happen in the fights when you get all of this late hour melodrama as we have had in the last cou
translation, the debt ceiling deal didn't do enough about the debt itself. so keep this in mind when you hear it said,be with great certainty it's the republicans trying to force spending cuts over endangering the nation credit rating. as will rogers quoted once, "it isn'tbe what we don't know that gives us trouble. it's what we know that ain't so." bret? >> bret: the president has effectively turned the messaging around. by saying it's about paying the bills that congress has...
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Jan 15, 2013
01/13
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authorize an increase in the debt ceiling so we can pay our bills. that is the right way to do it. i think that is what will eventually happen. i do not think that going off in the other direction would really be helpful. >> hello chairman bernanke. i am a second year mpp. second question from the audience, does the debt ceiling still have a practical are busy and could it be in limited without much consequence? >> no, it does not really have -- it has symbolic value, i guess area. no other country, i believe, have this particular institution. just so everybody understands what it is, the congress appropriate $100, tells the government to spend $100 on whatever. then it raises $80 in revenue through its tax code. the arithmetic care -- you have got to borrow $20. no, the congress has to give a third rule which says that 100 - 80 equals 20. if the congress is approving spending and taxing, and they are not equal, then logically, there has to be something to make up the difference. that is borrowing. i am not saying that visits and deaths are a good thing thing. not at all. the way t
authorize an increase in the debt ceiling so we can pay our bills. that is the right way to do it. i think that is what will eventually happen. i do not think that going off in the other direction would really be helpful. >> hello chairman bernanke. i am a second year mpp. second question from the audience, does the debt ceiling still have a practical are busy and could it be in limited without much consequence? >> no, it does not really have -- it has symbolic value, i guess area....
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Jan 20, 2013
01/13
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he still faces an unresolved fiscal situation and looks like republicans may be extending the debt ceiling by a few months but still has major budget cuts to deal with this spring. do you see his relationship with republicans improving at all as they try to fix this crisis? >> it is going to be a real confrontation. the republicans did blink. that's exactly right, bianna, and said they don't want this over the debt limit that was supposed to hit in february and extend it, as he said, probably until april. the president will sign that which gives them a space to try to come up again with some kind of big budget deal before those across-the-board budget cuts hit in march, and the government is set to shut down at the end of march. there is no question that these big fiscal issues, taxes and spending are going to define the first quarter of the president's second term. >> george, talk about this term, the second term curse. we -- reagan had iran-contra. nixon, of course, had watergate. clinton had monica lewinsky. but why is it that they tend to go sour. >> lyndon johnson didn't even make it
he still faces an unresolved fiscal situation and looks like republicans may be extending the debt ceiling by a few months but still has major budget cuts to deal with this spring. do you see his relationship with republicans improving at all as they try to fix this crisis? >> it is going to be a real confrontation. the republicans did blink. that's exactly right, bianna, and said they don't want this over the debt limit that was supposed to hit in february and extend it, as he said,...
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Jan 16, 2013
01/13
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we want to make certain, especially dealing with this debt ceiling, we do it in a fiscally responsible manner. >> would you be willing given your point of view overall in borrowing money that if kansas pays in a dollar, gets $1 back so 12 cents of every dollar, assume for a moment that number is right, this is the tax foundation number, that you would give that back, kansas would get a whole lot less from the federal government right now, would you sign on to that? >> well, i don't agree with those numbers. we got a whole tax code that actually helps states like new york that have higher taxes because they can take that off their federal income taxes. that has to be part of that as well. but i think we need to do -- certainly helping those in need is probably something we should be doing but if you're not going to spend 80% of the dollars for two years, what's the rush? let's get to the direct needs right now and that's what i think's important. that's why i offered transparency amendment that said let's go see where this money is going. that went on there. i think that's important. fe
we want to make certain, especially dealing with this debt ceiling, we do it in a fiscally responsible manner. >> would you be willing given your point of view overall in borrowing money that if kansas pays in a dollar, gets $1 back so 12 cents of every dollar, assume for a moment that number is right, this is the tax foundation number, that you would give that back, kansas would get a whole lot less from the federal government right now, would you sign on to that? >> well, i don't...
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Jan 17, 2013
01/13
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FBC
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gerri: the debt ceiling deal and senator mike leigh. with more on this, we have former republican senator of wyoming, former cochair f the definition. thank you for being on thh bus, we appreciate your time we are glad to have you any way we can get you. >> there are a lot of people that would like to give me. [laughter] gerri: you are always a hoot. let's talk about the debt ceiling debate. we are all focused on this week and the president has been talking about it. what is your view on whether spending cuts should be part of the debt ceiling debate? i think that would be a serious mistake. i'm a republican, i have been so since i voted for ike in 1962 and let me tell you ie mistake. you are not talking about one thing that has to do with cutting spending. you're talking about everything and he paying your debts of the guys in the congress talk about an republican republicans drama. and every one of them has something to do with wanting ... and now you have to pay it. and you better pay and where your country is clearly facing a dire c
gerri: the debt ceiling deal and senator mike leigh. with more on this, we have former republican senator of wyoming, former cochair f the definition. thank you for being on thh bus, we appreciate your time we are glad to have you any way we can get you. >> there are a lot of people that would like to give me. [laughter] gerri: you are always a hoot. let's talk about the debt ceiling debate. we are all focused on this week and the president has been talking about it. what is your view on...
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Jan 17, 2013
01/13
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what happens if we have another deal, a debt ceiling deal or something that is of the same milk? >> i'm sensing both -- i can see both sides of the argument with this. i understand wanting to storm the castle, but get the foot in the door first, but at the same time, people like boehner realize they are dancing on the edge of the cliff here so to speak, in trouble of losing the entire base, ultimately the goal of the administration. they want to divorce the grassroots base from the plan party, looking two years ahead at midterm and looking at tactical issues and not the overall strategy, but a lot of this, nemo, goes back to the state level as well. who are voters going to elect to represent them in two years? how are voters holding elected officials' feet to the fire in their own state? we have to see more of that. ultimately, that's the pathway to get real change in the house, and that's really the way we're going to be able to enforce the values. neil: overcome the mainstream media, cast full of nuts and crazy and the occupy wall street guys are the normal guys. the world's up
what happens if we have another deal, a debt ceiling deal or something that is of the same milk? >> i'm sensing both -- i can see both sides of the argument with this. i understand wanting to storm the castle, but get the foot in the door first, but at the same time, people like boehner realize they are dancing on the edge of the cliff here so to speak, in trouble of losing the entire base, ultimately the goal of the administration. they want to divorce the grassroots base from the plan...
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Jan 20, 2013
01/13
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we just heard the house republicans are going to try to negotiate a short-term debt ceiling deal so they can try to go for a grand bargain. second-term presidencies have just been spent and filled with misspent political capital that has just eoverreach in terms of presidents looking for a legacy and overspending their political capital. that's the risk president obama -- >> interesting in this cnn poll that just come out, how is president obama handling his job as president, approve 53%, disapprove 42%. but when they are asked how is the country headed, right direction 35%, wrong direction, 57%. they approve of the president but think he's going completely in the wrong direction. he's a lucky boy, many would argue, that he's gotten a second term, given the state of the economy, given the fact that most americans think the country is going in the wrong direction. he's been given that lucky second chance. and he campaigned well. you have to give him that. what are his challenges in the second term? >> the first thing every president has to be careful of in a second term, as margaret allud
we just heard the house republicans are going to try to negotiate a short-term debt ceiling deal so they can try to go for a grand bargain. second-term presidencies have just been spent and filled with misspent political capital that has just eoverreach in terms of presidents looking for a legacy and overspending their political capital. that's the risk president obama -- >> interesting in this cnn poll that just come out, how is president obama handling his job as president, approve 53%,...
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Jan 19, 2013
01/13
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expressed concern about how much of the chill news were addressed in the deal. it went part way, but it leaves a number of issues still on the table and negotiations are looming. would you characterize that as an additional cliff that is facing us? or is it not as concerned as it was when you raised that term initially? >> as i said, the fiscal kloof, if allowed -- the fiscal clef, if allowed to take place, would probably create a recession this year. a good part of that has been addressed. but nevertheless, we have a set of a restrictive fiscal policies now. federal fiscal policy will subtract from real gdp growth something on the order of one% to 1.5% this year. it is quite a drag on the economy. there is more work to do. let me be clear about that. it will be a long haul. it will not happen overnight. basically because the government budget represents the values and priorities of the public and decisions being made about what to spend on, what to tax and so on are difficult and contentious decisions and will take some time to address. >> those issues, of cour
expressed concern about how much of the chill news were addressed in the deal. it went part way, but it leaves a number of issues still on the table and negotiations are looming. would you characterize that as an additional cliff that is facing us? or is it not as concerned as it was when you raised that term initially? >> as i said, the fiscal kloof, if allowed -- the fiscal clef, if allowed to take place, would probably create a recession this year. a good part of that has been...
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Jan 16, 2013
01/13
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with the debt ceiling, the need to deal with the looming she quester and the house republicans' concern that if they do anything on tax reform, that they may leave themselves up to the senate not to take action, and, therefore, they've taken an unpopular vote for no reason. why are you optimistic on tax reform? >> first of all, we have to resolve this debt can crisis in terms of -- this debt crisis in terms of sequestration and in terms of the full faith and credit of the u.s. in the next six weeks. we aren't going to accomplish tax reform in the next six weeks. so we have a deadline that i think cannot basically be moved for what we need to do. and so that will leave us adequate time to tackle the longerrer-range problems -- the longer-range problems. we're not going to accomplish tax reform in the next six weeks. but we need to, essentially, deal with the sequester, essentially find a balanced approach that's going to raise a trillion dollars or close to it. and so that's why i have some optimism, because we need to face up to the next six weeks, resolve it and then move on. >> rick?
with the debt ceiling, the need to deal with the looming she quester and the house republicans' concern that if they do anything on tax reform, that they may leave themselves up to the senate not to take action, and, therefore, they've taken an unpopular vote for no reason. why are you optimistic on tax reform? >> first of all, we have to resolve this debt can crisis in terms of -- this debt crisis in terms of sequestration and in terms of the full faith and credit of the u.s. in the next...
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to deal with the debt ceiling. the bad the rush limbaugh's show yesterday all rush but was in the middle of a tirade on gun control when he decided to attack look. and others who support responsible gun safety laws speaking about proponents of gun safety laws she believes are only would rules rush said quote. good people they never use a gun to kill kids they use abortion for the. good ole rush making light of gun violence and fueling the war on women's rights in the same sentence looks like he's still trying hard to take back the right wing media's biggest nut jobs that a smell is jones and a very very ugly and coulter conservative pundit was on fox so-called news last night in an interview with sean hannity coulter talked about her theory behind all the gun violence and i think it was. as you know i just got back from from england which to me they have not bought into this whole diversity enthusiasm on which raises the important point that on the gun crimes we keep hearing how do they are in europe and know they'
to deal with the debt ceiling. the bad the rush limbaugh's show yesterday all rush but was in the middle of a tirade on gun control when he decided to attack look. and others who support responsible gun safety laws speaking about proponents of gun safety laws she believes are only would rules rush said quote. good people they never use a gun to kill kids they use abortion for the. good ole rush making light of gun violence and fueling the war on women's rights in the same sentence looks like...
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Jan 18, 2013
01/13
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FBC
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you will have the debt ceiling potential deal. liz: hence worries will cause volume at this time to go higher. >> sequester and continuing resolution. you have all this political risk. if you think about the last two, three years, liz, the bottom line, people outperformed, people that generated alpha, bought during periods of political fear. the people that added to the market, added to their exposure to the market during times of complacency typically underperformed. you want to save that powder for those political fear moments. david: save your cash until the debt ceiling thing collapses. maybe three months. want to focus on europe. spain and italy have $2.6 trillion worth of bonds outstanding. 2.6 trillion. they have got to borrow more, about 150 billion, in order to pay off old debts with old bonds. how will they do it. what happens if there is no buyers? >> look at spain. look at lehman. there is so many great comparisons because, --. david: that is not a good thing for spain. >> well, you look back to 2008. the fed bailed ou
you will have the debt ceiling potential deal. liz: hence worries will cause volume at this time to go higher. >> sequester and continuing resolution. you have all this political risk. if you think about the last two, three years, liz, the bottom line, people outperformed, people that generated alpha, bought during periods of political fear. the people that added to the market, added to their exposure to the market during times of complacency typically underperformed. you want to save...
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Jan 13, 2013
01/13
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tdd#: 1-800-345-2550 >>> the debt ceiling is the next self-inflicted crisis that congress needs to deal with the debt limit is not like a credit card. it is simply not. it makes me crazy. when republicans and democrats alike, including the president, continue to use this misleading analogy. it's also not the same as your household budget with a few zeros taken out. for those who don't remember the last time congress pushed us past the debt ceiling, here's how it works. congress and the president spend money by creating bills and signing them into law. that is when the money is committed. last year, the u.s. government spent $3.8 trillion. two-thirds of that, the green came from revenue. the rest of it, the red, came from borrowing, the deficit. the sum total of all of these annual deficits, plus the interest is national debt. today the national debt extends at $16.4 trillion. the treasury is empowered to borrow money to make up for that shortfall. but only up to a certain amount. that's the debt ceiling. keep it in mind, the treasury does not make decisions about how the money is spent.
tdd#: 1-800-345-2550 >>> the debt ceiling is the next self-inflicted crisis that congress needs to deal with the debt limit is not like a credit card. it is simply not. it makes me crazy. when republicans and democrats alike, including the president, continue to use this misleading analogy. it's also not the same as your household budget with a few zeros taken out. for those who don't remember the last time congress pushed us past the debt ceiling, here's how it works. congress and the...
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Jan 16, 2013
01/13
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with the debt ceiling and the looming sequester and house republicans concerned that if they do anything on tax reform, that they may leave themselves open to the senate not taking action. therefore, they have taken in on popular vote for no reason. >> first of all we have to solve this debt crisis in terms of sequestration and in terms of the full faith and credit of the u.s. and. we are not going to accomplish tax reform in the next six weeks. so we have a deadline that cannot basically be moved for what we need to do in the next six weeks. so that would leave adequate time to tackle the longer-range problems. we will not publish tax reform in the next six weeks, but we need to essentially deal with the sequester. since we find a balanced approach that is going to raise the trillion dollar surplus to it. that is why i have some optimism. because we need to face up to the next six weeks and solve it and then move on. >> [inaudible question] i'd like to ask you about one of the big things involving entitlement reform. how big of a package would you need to see in terms of republicans for
with the debt ceiling and the looming sequester and house republicans concerned that if they do anything on tax reform, that they may leave themselves open to the senate not taking action. therefore, they have taken in on popular vote for no reason. >> first of all we have to solve this debt crisis in terms of sequestration and in terms of the full faith and credit of the u.s. and. we are not going to accomplish tax reform in the next six weeks. so we have a deadline that cannot basically...
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Jan 15, 2013
01/13
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later, the bipartisan policy center on a talk to talk about options of dealing with the debt ceiling check out c-span studentcam 2013 video documentary competition. the deadline is friday january 28. the grand prize is $5000. >> i welcome all of you here today. on behalf of the gerald ford school of public policy, university of michigan is honored to welcome the honorable ben bernanke, chairman of the board of governors. today's conversation is in a series of distinguished lectures at the school. we are pleased to produce today's events and to have have president mary sue coleman with us. i would like to welcome all of them and thank them for joining us today. it is an honor and truly a personal pleasure for me to introduce our special guest. the charge is to promote a healthy economy and a complex and critically important mission. german ben bernanke was first appointed as the chair in 2006 and he has served in that role during the most challenging time for monetary and financial policy since the great depression. the financial crisis, the great recession, slow recovery with the evo
later, the bipartisan policy center on a talk to talk about options of dealing with the debt ceiling check out c-span studentcam 2013 video documentary competition. the deadline is friday january 28. the grand prize is $5000. >> i welcome all of you here today. on behalf of the gerald ford school of public policy, university of michigan is honored to welcome the honorable ben bernanke, chairman of the board of governors. today's conversation is in a series of distinguished lectures at the...
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Jan 18, 2013
01/13
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with the debt screaming and the -- ceiling and the sequesters. house republicans concerned if they do anything about tax reform. they may leave it open to the senate and not taking action and taken the vote for no reason. are you optimistic? >> first of all, i have -- we have to reself the debt crisis in terms of sequestration. and in term of the full, faith, and credit in the next six weeks. we aren't going to accomplish tax reform in the next six weeks. so we have a deadline that i think cannot be basically moved for what we need to do in the next six weeks. that will leave us adequate time to tackling the longer range problems. we're not going tackle tax reform in the next six weeks. we need to essentially deal with the sequestration, specially find a balanced approach that is going to raise a trillion dollars or close to. so that's why i have some optimism because we need to face up to the next six weeks, resolve it, and -- [inaudible] >> rick. [inaudible] by conflict -- i want to ask you about one of the big things the intiement element refo
with the debt screaming and the -- ceiling and the sequesters. house republicans concerned if they do anything about tax reform. they may leave it open to the senate and not taking action and taken the vote for no reason. are you optimistic? >> first of all, i have -- we have to reself the debt crisis in terms of sequestration. and in term of the full, faith, and credit in the next six weeks. we aren't going to accomplish tax reform in the next six weeks. so we have a deadline that i...
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Jan 20, 2013
01/13
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. >> i don't want to have that conversation in the context of the three-month debt ceiling deals. if we are going talk entitlements, is there room to push on the entitlements and suggest a larger social safety net, things like providing opportunities for poor children beginning to close the wealth gap is a priority. >> raise the health care law. i think it's very important to remember that law isn't fully operational, yet. there is -- yes, exactly. there's an enormous amount of work to do. there's a lot of resistance in the states. that's going to be a struggle. >> one piece of that is in 1997 we did a balanced budget deal. one thing that happened when that period of republicans and democrats came together was step back and as part of consolidating the budget, they shift resources. that was the deal. it was a deficit reduction deal. one thing it created was a children's health program. it's functioning today. it isn't the case of periods of deficit consolidation. it's not just cutting and grinding these things out. how to run a smarter government and run things into resources we n
. >> i don't want to have that conversation in the context of the three-month debt ceiling deals. if we are going talk entitlements, is there room to push on the entitlements and suggest a larger social safety net, things like providing opportunities for poor children beginning to close the wealth gap is a priority. >> raise the health care law. i think it's very important to remember that law isn't fully operational, yet. there is -- yes, exactly. there's an enormous amount of work...
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Jan 15, 2013
01/13
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supposed to do and needs to do and authorize an increase in the debt ceiling soon compare our debts and bills . that is the right way to do it. and the i think that is what will eventually happen, but i don't think that going off in another direction would really be all that talk -- all that helpful. >> hello, chairman bernanke. i am a second year in pp at the force cool and studying for a graduate certificate in science and technology. second question from the audience, does the debt ceiling of a practical purpose? could it be eliminated without much consequence? >> does what have? >> the debt ceiling. >> it does not really have. it has symbolic value i guess, but no other country, i believe, maybe one or two other, but no other countries in the world have this particular institution . to so everyone understands what is, the congress appropriates $100, tells the government to spend $100 on whenever and then it raises $80 in revenue through its tax code. now, the arithmetic here sort of says, you have to borrow $20. shephard -- the congress has to give a third rule. if the congress is a
supposed to do and needs to do and authorize an increase in the debt ceiling soon compare our debts and bills . that is the right way to do it. and the i think that is what will eventually happen, but i don't think that going off in another direction would really be all that talk -- all that helpful. >> hello, chairman bernanke. i am a second year in pp at the force cool and studying for a graduate certificate in science and technology. second question from the audience, does the debt...
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Jan 17, 2013
01/13
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to do and needs to do and authorize an increase in the debt ceiling to pay our debts, pay our bills and that's the right way to do it, and, you know, i think that's what will eventually happen, but i don't think that going off in the other direction would be all that helpful. >> hello, chairman, i'm a second year -- [inaudible] >> second question, does the debt ceiling have a practical purpose and could it be eliminated without much consequence. >> does what have? >> the debt ceiling. >> oh, no, it doesn't really have -- symbolic value, i guess, but what -- no other country, i believe, maybe one or two other countries, but i think essentially no other countries in the world have this particular institution, just so everybody understands what it is. the congress appropriates a hundred dollars, tells the government to spend a hundred dollars on whatever, and then it raises $80 in revenue through its tax code. now the math here says, you know, go to the go borrow $20; right? no, congress has a third rule saying 100 minus 80 equals 20. if the congress is approving spending and approving
to do and needs to do and authorize an increase in the debt ceiling to pay our debts, pay our bills and that's the right way to do it, and, you know, i think that's what will eventually happen, but i don't think that going off in the other direction would be all that helpful. >> hello, chairman, i'm a second year -- [inaudible] >> second question, does the debt ceiling have a practical purpose and could it be eliminated without much consequence. >> does what have? >> the...
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Jan 17, 2013
01/13
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FBC
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there is the debt ceiling to have to deal with, there is government spending that expires in march and those automatic spending cuts, sequestration is supposed to hit the federal budget. and right now it appears a strategy that republicans are beginning to coalesce around, perhaps a short-term debt ceiling increase, pass that through the house with spending cuts, deal with the other elements of government spending and then set up a protracted argument or debate over the debt ceiling going forward. as republicans say, when it comes to their strategy, cutting spending is imperative. melissa: there's no celebration the fact we're a nation of $16 trillion in debt and you have someone in the white house that says to do the one thing that makes absolutely no sense whatsoever, and that is raise the debt ceiling with no change in the future? that is actually an absurd argument i don't think any householder in a state run well operates like that. >> house budget committee chairman spoke to reporters a short while ago saying this to work in the strategies on all this trying to identify the spend
there is the debt ceiling to have to deal with, there is government spending that expires in march and those automatic spending cuts, sequestration is supposed to hit the federal budget. and right now it appears a strategy that republicans are beginning to coalesce around, perhaps a short-term debt ceiling increase, pass that through the house with spending cuts, deal with the other elements of government spending and then set up a protracted argument or debate over the debt ceiling going...
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Jan 15, 2013
01/13
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. >> do you think some feel it's a band aide deal. when you talk about raising the debt ceiling. getting a proper deal done there, is there any such thing as a band-aid o is it basically a do or die? >> it was much more complicated because it has hat add lod more debting. you have to remember this is about paying for the bills we've already obligated ourselves to play. >> it's a lost opportunity to fix other things, wouldn't you say? >> well, i don't view it as an opportunity. i view it as an opportunity to avoid catastrophe. the point i make in the article is if we must have this biggar maggetten like battle, let's hold it up over the budget when the continuing resolution expires and have it then when the consequences while not grak are not nearly as dire. >> you know, professor, you point out what i think is the biggest problem in your piece and know note thatted if real receipts only cover 74% of the outlay. in other words we're not paying enough to pay our bills but the 26th fan you mgs mentioned. that ice a problem. >> it's very, very unstatus inl. when i did this calculatio
. >> do you think some feel it's a band aide deal. when you talk about raising the debt ceiling. getting a proper deal done there, is there any such thing as a band-aid o is it basically a do or die? >> it was much more complicated because it has hat add lod more debting. you have to remember this is about paying for the bills we've already obligated ourselves to play. >> it's a lost opportunity to fix other things, wouldn't you say? >> well, i don't view it as an...
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Jan 19, 2013
01/13
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WUSA
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increase. >> you also will need to have a budget in place in order to come to that debt ceiling debate as the republicans have laid it out at this point and you're also going to be dealing with the deficit and all of the other issues. so are you basically saying you don't think anything's changed here? >> no. i think the republicans have realized it's a political problem and a real problem if we jeopardize the full faith and credit of the united states. i'm not sure they understand we need to pay our bills. they seem to be confused if they only proposed three months. a clean debt ceiling is the only way to go. when we get to march 2nd and the sequester deadline approaches again, we need to focus on a balanced debt ceiling focus. that's what this is about. the americans made a decision. they embrace president obama's idea that we should have revenue and closed tax loopholes for the wealthiest pay more and reduce spending in a balanced way. >> i think what people also hoped that they were voting for was the democrats and republicans would get in a room together and would cooperate. >> th
increase. >> you also will need to have a budget in place in order to come to that debt ceiling debate as the republicans have laid it out at this point and you're also going to be dealing with the deficit and all of the other issues. so are you basically saying you don't think anything's changed here? >> no. i think the republicans have realized it's a political problem and a real problem if we jeopardize the full faith and credit of the united states. i'm not sure they understand...
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Jan 18, 2013
01/13
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CURRENT
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and then they can say at that point we'll deal with the debt ceiling. so it was a way to put some pressure on mitch mcconnell. but mitch mcconnell seems to think that okay we'll pass a budget in the senate and then use that as possible leverage with the republicans in the house who might hold up the debt ceiling. >> michael: that makes perfect sense that that is what they are trying to do it is really just passing the buck. the white house held a firm line on saying we're not going to negotiate at all on this debt ceiling, and it worked. do you think this is a lesson that may carry for four years, when they see themselves posturing this way rather than what they have done on other issues? do you think this might be contagious within the white house? >> remember bill clinton and what the definition of is, is. with barack obama it's sort of what the definition of negotiation is. they will deal with the debt ceiling, and that's when you will have very active negotiations over the budget. what the house has effectively done is put this on a similar path, a
and then they can say at that point we'll deal with the debt ceiling. so it was a way to put some pressure on mitch mcconnell. but mitch mcconnell seems to think that okay we'll pass a budget in the senate and then use that as possible leverage with the republicans in the house who might hold up the debt ceiling. >> michael: that makes perfect sense that that is what they are trying to do it is really just passing the buck. the white house held a firm line on saying we're not going to...
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Jan 16, 2013
01/13
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FBC
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so why strike a deal on the debt ceiling when you can just eliminate it? they push from democrats in washington. dennis: a man charged with stealing $400,000 in copy toner. lori and tracy are up next. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarged or painful breasts; problems
so why strike a deal on the debt ceiling when you can just eliminate it? they push from democrats in washington. dennis: a man charged with stealing $400,000 in copy toner. lori and tracy are up next. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women,...
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Jan 15, 2013
01/13
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CURRENT
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at one point if you remember, the president was hoping he could get a debt ceiling deal tied to the fiscal cliff negotiation. that didn't happen. the republicans gave up that negotiation. but they're hoping that the debt ceiling raising will give them the leverage that they need to get what they want when it comes to spending cuts. the president hopes though that he can by delegitimizing this idea of having the debt ceiling as a debate, have them have no leverage going into the deficit-cutting discussion or at least a lot less leverage. >> bill: the other big topic, the only other topic actually raised at the news conference yesterday other than whether or not you elect a party, president likes to have a party. was the issue of guns where the president was not specific because he hasn't seen -- or wasn't ready to list all of the recommendations that may have come out of the biden task force. but the president did express and repeat his resolve to do something about this issue of gun violence. no doubt about that, was there? >> no. while he put off getting into the details a little bit, he
at one point if you remember, the president was hoping he could get a debt ceiling deal tied to the fiscal cliff negotiation. that didn't happen. the republicans gave up that negotiation. but they're hoping that the debt ceiling raising will give them the leverage that they need to get what they want when it comes to spending cuts. the president hopes though that he can by delegitimizing this idea of having the debt ceiling as a debate, have them have no leverage going into the deficit-cutting...
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Jan 15, 2013
01/13
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CNBC
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ceiling which tends to be popular. people -- you know, the american public, they hear debt ceiling and they think no, let's not do that. that sounds awful to give government more money to spend. he's trying to turn it around. but it absolutely is a dynamic that he exemplploited when he w senator. >> robert costa, let's look at this for a minute. republicans have a tricky situation. because the country does not want us to default. and this whole business of managing accounts and prioritizing, there's 80 million payment accounts. i know the interest on the debt will be paid, but to some extent the gop has got to watch itself, robert. they could come really at the wrong end of a massive public relations blunder. >> that's exactly right, larry. the president's press conference today really was first battle in this public relations war. what matters is that the president is out there for an hour, making his case to the american people. what the republicans need to do a better job is making their case. now, it's easy to poin
ceiling which tends to be popular. people -- you know, the american public, they hear debt ceiling and they think no, let's not do that. that sounds awful to give government more money to spend. he's trying to turn it around. but it absolutely is a dynamic that he exemplploited when he w senator. >> robert costa, let's look at this for a minute. republicans have a tricky situation. because the country does not want us to default. and this whole business of managing accounts and...
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Jan 19, 2013
01/13
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FOXNEWS
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ceiling. the deal not all worked out just yet. but apparently it this will not require the spending cuts that house republicans had wanted. just released fox news poll finds that 69% favor raising the debt limit only if there are major spending cuts involved. and 23% say it's reckless not to raise it regardless. the poll also shows more than 8 in 10 think government spending is out of control. only 11% believes it's being managed carefully. mike immanuel tracking developments on the hill tonight. what's behind this house republican plan. >> bill, a lot of g.o.p. frustration has been based on the fact the senate has not passed a budget. so republicans are trying to force it house speaker john boehner told house members, quote: before there is any long-term debt alowe time for a budget to get done. >> he our hope is to pass something very early so the senate can take action as well. i wouldn't put any jeopardizing of the economy there. shows that it is a very rational, put us on a better path an
ceiling. the deal not all worked out just yet. but apparently it this will not require the spending cuts that house republicans had wanted. just released fox news poll finds that 69% favor raising the debt limit only if there are major spending cuts involved. and 23% say it's reckless not to raise it regardless. the poll also shows more than 8 in 10 think government spending is out of control. only 11% believes it's being managed carefully. mike immanuel tracking developments on the hill...
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Jan 19, 2013
01/13
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WRC
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. >>> house republicans are offering a debt ceiling deal rather than risk a new financial crisis. they will allow new government borrowing for three months, but they insist the senate must pass a budget within those three months. and to add more pressure to get a deal, they promise to withhold paychecks for whichever chamber, house or senate, doesn't pass a budget. >>> officials have issued a high surf advisory for the northern california coast this weekend. the good news -- that's just about perfect for 24 of the world's top surfers who are waxing down their boards for a big wave competition in half moon bay that starts on sunday. the bad news -- the other seven billion people in the world can't swim there. >>> that is the news. guys? back to you guys. >> thank you. >> you're from that area, aren't you -- >> yeah, yeah, no. i wouldn't ever surf. >> you're in the seven billion part. >> we'll be on the beach. >> yeah. >> i used to sit on half moon bay and watch it. exactly. >>> dylan dreyer has another check of the forecast. >> good morning, guys. a couple of birthdays from texas.
. >>> house republicans are offering a debt ceiling deal rather than risk a new financial crisis. they will allow new government borrowing for three months, but they insist the senate must pass a budget within those three months. and to add more pressure to get a deal, they promise to withhold paychecks for whichever chamber, house or senate, doesn't pass a budget. >>> officials have issued a high surf advisory for the northern california coast this weekend. the good news --...
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Jan 16, 2013
01/13
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FOXNEWSW
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ceiling deal. that is a sentiment echoed by the president on numerous occasions since he was reelected. republicans of course in the house are set to go on their retreat this week. their key objective is to find unity. that is the ultimate object tiff for the retreat. without unity and republicans are divided in house they stand no chance of blocking any tax increases that democrats are so intent on. jenna: we'll watch in the weeks to come, doug, thank you. >> reporter: okay. jon: new troubles for boeing's airliners. troubles grounding all the 787s in japan's after one of the jets was forced to make a emergency landing today. dan springer is in seattle with the details on what happened. none of these planes have crashed, no serious injuries but still a big problem for boeing, huh? >> reporter: that's right. for more perspective, jon, worldwide there are six 787s flying. four of them left to the u.s. or coming to the u.s.. this is not a worldwide panic. this latest incident happened in western japan
ceiling deal. that is a sentiment echoed by the president on numerous occasions since he was reelected. republicans of course in the house are set to go on their retreat this week. their key objective is to find unity. that is the ultimate object tiff for the retreat. without unity and republicans are divided in house they stand no chance of blocking any tax increases that democrats are so intent on. jenna: we'll watch in the weeks to come, doug, thank you. >> reporter: okay. jon: new...
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Jan 14, 2013
01/13
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KGO
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. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. we are not a deadbeat nation. >> house republicans want spending cuts as part of a deal to lift the debt ceiling. without an agreement the country has until around march 1 before it may not be able to meet financial obligations. >> today is the one month anniversary of the deadly school shooting in newtown, connecticut. in washington, bay area members are among the group of democrats meeting with vice president biden about gun control. the vice president could turn over his proposals to president obama as early as tomorrow. >> a month ago today, the shooting massacre at sandy hook elementary school shocked the nation. and re-ignited a fierce battle over america's relationship with guns. tomorrow, vice president biden will recommend a robust gun control game plan to president obama including stronger background checks for all gun purchases, a ban on high capacity magazine clips, and a renewed ban on assault weapons. >> my starting poi
. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. we are not a deadbeat nation. >> house republicans want spending cuts as part of a deal to lift the debt ceiling. without an agreement the country has until around march 1 before it may not be able to meet financial obligations. >> today is the one month anniversary of the deadly school shooting in newtown, connecticut. in washington, bay area members are...
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Jan 15, 2013
01/13
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MSNBCW
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. >> sir, you voted for the deal, but you have also said you wouldn't vote to raise the debt ceiling. are you still firm on that? congressman yoho, can you hear me? >> yeah, go ahead. >> i was saying, yeah, you have said that you will not vote to raise the debt ceiling, however you did vote for the fiscal cliff deal. do you still stand firm on the debt ceiling position? >> we, no, sir, i didn't vote for the fiscal cliff deal. i wasn't sworn in yet. but it's like we've said -- >> you said you wouldn't vote for it, if it were you. >> right. i agree. i did not say that, but i didn't vote that way. we've raised the debt ceiling seven times, and it hasn't resolved the problem. the only thing it's done is made us go more in dead. president obama yet on his news conference said raising the debt ceiling will not raise our debt ceiling. all we've raised the debt, we have to may more interest. that in it/will increase the spending. we have a spending problem in this country. that's what we need to address. >> what is your biggest bone of content with john boehner? you've been very public about
. >> sir, you voted for the deal, but you have also said you wouldn't vote to raise the debt ceiling. are you still firm on that? congressman yoho, can you hear me? >> yeah, go ahead. >> i was saying, yeah, you have said that you will not vote to raise the debt ceiling, however you did vote for the fiscal cliff deal. do you still stand firm on the debt ceiling position? >> we, no, sir, i didn't vote for the fiscal cliff deal. i wasn't sworn in yet. but it's like we've...
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Jan 16, 2013
01/13
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CNBC
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debt ceiling, this is what the beige book is telling us, bill, the run-up is a big deal and the whole question. i'm not saying it's -- it's very important to solve these issues, but i think what the market wants, what investors want and probably what the american public wants is an understanding of the process of how we make a decision. i really think at this time our democracy and how we make decisions is entirely up in the air and unclear to most people. if business understood how we got to go, then i think there would be more clarity out there. you could operate a business. >> you know, steve, i have a question to you. i know it's basically fed policy under ben, under chairman greenspan not to wade into the actual mode to solve these issues, but isn't it a bit disingenuous of the fed to talk about all this uncertainty without making any comments as to hey, you guys, you need to deal with the debt. you need to deal -- >> but, they are. bernanke makes that comment a lot. he has said. >> says it all the time. >> more a solution. like telling them how to go about it. >> that's the prob
debt ceiling, this is what the beige book is telling us, bill, the run-up is a big deal and the whole question. i'm not saying it's -- it's very important to solve these issues, but i think what the market wants, what investors want and probably what the american public wants is an understanding of the process of how we make a decision. i really think at this time our democracy and how we make decisions is entirely up in the air and unclear to most people. if business understood how we got to...
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Jan 18, 2013
01/13
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CSPAN2
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with the debt ceiling, we may very well be able to meet the goal we set out to do, which is to have roughly $4 trillion cut over 10 years in the long-term deficit and put us on that past. i didn't come here to talk about any of this important subjects today because as important as they all are today we have a mortgage and indie media call and that is how to do with the epidemic of gun violence in america. the one of the statistics better than anyone, so i'm not going to repeat it. on that score i might add ale in a credible threat of gratitude to many of you at the table as well as those of you in the room. i know we don't have unanimity and this ballroom, nor do we have any ballroom, but we all know, it wanted knowledges we have to do some gain. we have to act and i hope we all agree there's a need to respond to the carnage on our streets and in our schools. i hope we all agree that mass shootings like the one we witnessed in your newton cannot be tolerated. that tragedy in public life has affected the public safety in a way that i've never seen before. the image of first graders,
with the debt ceiling, we may very well be able to meet the goal we set out to do, which is to have roughly $4 trillion cut over 10 years in the long-term deficit and put us on that past. i didn't come here to talk about any of this important subjects today because as important as they all are today we have a mortgage and indie media call and that is how to do with the epidemic of gun violence in america. the one of the statistics better than anyone, so i'm not going to repeat it. on that score...
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Jan 21, 2013
01/13
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WBAL
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. >> as he battled republicans over the debt ceiling. >> dealing with the white house is like dealing with a bowl of jell-o. >> can they say yes to anything? >> historic night in may brought the news that americans had been waiting nearly a decade to hear. >> tonight i can report to the american people and to the world that the united states has conducted an operation that killed osama bin laden. >> within a year he was back on the campaign trail. but on the anniversary of 9/11, a deadly terror attack in benghazi. >> make no mistake, justice will be done. >> after a long, tough campaign, americans died to give the president four more years. >> thank you, america! >> the thrill of victory cut short by searing tragedy, the day obama called the worst of his presidency. >> our hearts are broken today. these tragedies must end. >> now at the dawn of his second term, president obama has vowed to tackle the tough issues. >> there are no easy outs. >> despite the challenges that lie ahead. >> we know in our hearts that for the united states of america, the best is yet to com come. >> a long f
. >> as he battled republicans over the debt ceiling. >> dealing with the white house is like dealing with a bowl of jell-o. >> can they say yes to anything? >> historic night in may brought the news that americans had been waiting nearly a decade to hear. >> tonight i can report to the american people and to the world that the united states has conducted an operation that killed osama bin laden. >> within a year he was back on the campaign trail. but on the...
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Jan 21, 2013
01/13
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KCSM
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obama seems to be moving away from it, congress may have squabbled over the debt ceiling, but they are not going to deal with the essential problem in a meaningful way. >> i am reading a book on lbj. jack kennedy was having the same problem with congress. everything was being sidetracked, they were not going anywhere. >> that is true. i would say this, as far as what senator obama said in 2006, consistency is the hobgoblin of small minds. if there was a different attitude. we have raised the debt ceiling 70-plus times. there has always been that sense of we're not going to vote to raise the other guy's debt ceiling, but there was always the understanding that we would provide the votes in the final analysis. the president's party did that. right now, what you have is a situation where the republican party is reduced to its lowest standing in the history of "the wall street journal" poll. the only thing that is worse is john boehner. 18% favorable. this is not a formidable partner. >> over the weekend, "politico" spoke to many advisers and said house republicans and party leaders appear
obama seems to be moving away from it, congress may have squabbled over the debt ceiling, but they are not going to deal with the essential problem in a meaningful way. >> i am reading a book on lbj. jack kennedy was having the same problem with congress. everything was being sidetracked, they were not going anywhere. >> that is true. i would say this, as far as what senator obama said in 2006, consistency is the hobgoblin of small minds. if there was a different attitude. we have...